Motilal Oswal Financial Services maintains a buy call on Grasim Industries, setting a target price of Rs 3,060. They cite a recovery in Grasim’s VSF business and anticipate margin improvement in the second half of FY25. The brokerage also highlights the company’s growing paints business and its goal to capture a significant market share by FY25.
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Stock market update: Nifty Bank index 1.01% in a weak market (21-11-2024)
The Nifty Bank index was trading 1.01 per cent at 50115.85.
Voltas shares 0.7% as Sensex falls (21-11-2024)
On the technical charts, the RSI of the stock stood at 43.22.
Morgan Stanley on Chemicals: Remain overweight on Deepak Nitrite raise target for PI Industries (21-11-2024)
Morgan Stanley maintains a cautious stance on the chemical sector, retaining an “Overweight” rating for Deepak Nitrite but lowering its target price. The sector faces headwinds including pricing pressures and limited growth prospects. While demand shows some signs of recovery, pricing remains a challenge. Morgan Stanley favors Deepak Nitrite for its relative strength and potential in the long term.
Congress-INDIA will win in both Maharashtra & Jharkhand, but BJP may come to power via defections: Swaminathan Aiyar (21-11-2024)
Swaminathan Aiyar, Consulting Editor of ET Now, shared his insights on the Maharashtra and Jharkhand Assembly election exit polls, suggesting that while the BJP-led alliance might have a slight advantage in Maharashtra, the results remain uncertain. He highlighted the BJP’s challenge with ‘defector parties’ and personally believes that the Congress-Uddhav Thackeray coalition might secure victory in both states.
Divis Labs shares 1.33% as Nifty falls (21-11-2024)
The stock quoted a 52-week high price of Rs 6276.20 and low of Rs 3350.05.
Share market update: Most active stocks on D-Street today in terms of volume (21-11-2024)
The NSE Nifty index was trading 178.05 points down at 23340.45
Tata Power signs deal with Druk Green to develop 5,000 MW clean energy in Bhutan (21-11-2024)
Tata Power Company said that it has entered into a strategic partnership with Druk Green Corporation, a subsidiary of Druk Holding and Investments, to develop at least 5,000 megawatts of clean energy generation capacity in Bhutan.
RateGain launches innovative digital marketing solution – Demand Booster (21-11-2024)
RateGain Travel Technologies has introduced Demand Booster, an innovative end-to-end digital marketing solution designed to empower hoteliers to maximize direct bookings and improve return on ad spend (ROAS).